Netflix falls on weak profit figure

Netflix falls on weak profit figure

Tech April 17, 2017 21:21

- Pay Channel Netflix has over the past quarter made less profit than the market had expected. Netflix slumped sharply after close on Wall Street.

His profit came to $ 0.37 per share, versus $ 0.40 of analysts' estimates in advance. This was revealed on Monday evening by the company's listed figures of the group.

In those circumstances, the proportion of directly dropped by 3.5%.

The number of subscriptions increased by 3.53 million units to the first quarter, compared with a year earlier. That was also below expectation.

Revenue was $ 2.64 billion for the quarter at just the expectation.

Reported that the station successfully shows like Orange is the New Black and The Good Wife.

Netflix recently received criticism. His system with Thumbs to review series, is not good. Until now, viewers rated series with one to five stars.

Netflix significantly expands with special series and films made for apps.

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